Lucid's third quarter, reported on November 9, is a story about time. Revenue edged up while the US electric vehicle market fell hard. Cash burn dropped by almost a third. And its biggest shareholder, Saudi Arabia's Public Investment Fund, extended enough credit to carry Lucid to the car it hopes will change its scale: a midsize model due in the second half of 2027. The … [Read more...] about Lucid Grows Revenue 4% While the US EV Market Shrinks 41% and Adds 1.75 Billion Dollars of Saudi-Backed Credit to Reach Its Midsize Car
Electric vehicles
Gasoline demand in the United States has reached a peak
Gasoline demand in the United States has reached a peak, and it is unlikely that consumption will ever again return to pre-Covid levels. The pandemic has greatly impacted the way Americans live and work, leading to a significant shift in transportation habits. The lockdowns and stay-at-home orders implemented in response to the pandemic have greatly reduced the need for … [Read more...] about Gasoline demand in the United States has reached a peak
Electric vehicles will dominate the automotive market by 2035
Regardless of the market, rapidly declining battery costs, tougher government regulations, and the introduction of new #electricvehicle models will continue to be the primary drivers of the shift to electrification. https://t.co/15rYo6g2kC pic.twitter.com/79UrG0J3iB— Boston Consulting Group (@BCG) January 6, 2022 The #automotive industry is undergoing changes. Our … [Read more...] about Electric vehicles will dominate the automotive market by 2035
